TOKYO, April 4 Bank of Japan Governor Haruhiko
Kuroda said on Thursday the central bank took all steps
available and deemed necessary at its Thursday policy meeting to
achieve its new 2 percent inflation target in two years.
"The previous approach of incremental easing wasn't enough
to pull Japan out of deflation and achieve 2 percent inflation
in two years," Kuroda said at a news conference after a monetary
"This time, we took all necessary steps to achieve the
target," he added.
At Kuroda's first monetary policy meeting as BOJ governor,
the central bank surprised markets with a radical overhaul of
its policymaking, adopting a new balance sheet target and
pledging to double its government bond holdings in two years.